Park Towers is a complex of two office buildings along the
610 Loop
Interstate 610 (I-610) is a freeway that forms a loop around the inner city sector of the city of Houston, Texas. I-610, colloquially known as The Loop, Loop 610, The Inner Loop, or just 610, traditionally marks the border between the i ...
in
Houston
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 i ...
,
Texas
Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by b ...
,
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territo ...
. It consists of two 18 story office towers, Park Towers North and Park Towers South, which each have of rentable space,
[Park Towers, Houston]
" TPMC Realty Corp. Retrieved on May 14, 2010. and one six story parking garage.
[Dawson, Jennifer. "GE units to park 300 workers in refurbished Park Towers space." '']Houston Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...
''. Friday August 6, 2004
1
Retrieved on May 14, 2010. The building, in proximity to
Uptown Houston
Uptown (more commonly called The Galleria Area) is a business district in Houston, located west of Downtown and is centered along Post Oak Boulevard and Westheimer Road (Farm to Market Road 1093). The Uptown District is roughly bounded by W ...
, is owned by Post Oak Partners LLP; TPMC Realty Corp. provides leasing and management services.
[Dawson, Jennifer. "Park Towers lease renewal keeps NetIQ in Uptown fold." '']Houston Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...
''. Friday November 5, 2004
1
Retrieved on May 14, 2010. Previously
Cameron International Corporation
Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control s ...
maintained its international headquarters in Park Towers South.
History
The buildings were built in 1972 and 1973. Throughout the complex's history
Halliburton
Halliburton Company is an American multinational corporation responsible for most of the world's hydraulic fracturing operations. In 2009, it was the world's second largest oil field service company. It has operations in more than 70 countrie ...
,
Philadelphia Life, and
Tenneco
Tenneco (formerly Tenneco Automotive and originally Tennessee Gas Transmission Company) is an American automotive components original equipment manufacturer and an aftermarket ride control and emissions products manufacturer. It is a Fortune 50 ...
rented space in the complex.
By 1992 the buildings were vacant.
Lynn Cook of the ''
Houston Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...
'' said in 1999 that "for more than a decade Park Towers has sat like a stark
white elephant
A white elephant is a possession that its owner cannot dispose of, and whose cost, particularly that of maintenance, is out of proportion to its usefulness. In modern usage, it is a metaphor used to describe an object, construction project, sch ...
."
[Cook, Lynn.]
TPMC's revamp of Park Towers becomes reality on West Loop
" ''Houston Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...
''. Friday March 5, 1999. Retrieved on May 14, 2010.
In December Holliday Fenoglio Fowler secured financing to allow TPMC Realty Corp. to extensively renovate the buildings. TPMC stripped the buildings to their concrete and steel girders and then rebuilt the two towers. TPMC rebuilt the twin towers with glass curtain walls and expanded the floor plates to .
of office space was added to the complex.
By 2000 PentaSafe Securities Technologies announced that it was leasing in the Park Towers. PentaSafe, the first tenant in the new Park Towers in August 2000, was acquired by
NetIQ
NetIQ is a product line within the CyberRes line of business at Micro Focus, which includes solutions focused on cybersecurity, including ArcSight, Fortify, Voltage, and NetIQ.
NetIQ was previously based in Houston, Texas, with products that pr ...
in 2002.
For five years after the renovation the occupancy rate remained at 72%. In 2003 in the complex was leased. Parkway Properties, Inc., hired by the owners of Park Towers to increase the occupancy rate, contacted
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy ...
.
[Park Towers Houston, TX]
." Parkway Properties, Inc. Retrieved on May 14, 2010. After an 18-month search, in 2004 General Electric announced that GE Energy was moving 300 employees into of space in the Park Towers South building. GE had an option on an additional for expansion. GE stated that it chose the building because of the location, visibility, and the quality of the building. During that year the face rates at Park Towers was about $21 to $24 per square foot. After the GE lease, the south tower was 85% leased and the north tower was 95% leased. During that year other tenants of the Park Towers included
Cooper Cameron,
NetIQ Corp Prudential Securities
Prudential Securities, also formerly known as Prudential Securities Incorporated (PSI), was the financial services arm of the insurer, Prudential Financial. In 2003, Prudential Securities was merged into Wachovia Securities, a division of Wachov ...
, and
SouthTrust Bank.
During the same year United HealthCare Services announced that it was taking of space in Park Towers South and moving out of the 2000 West Loop South building across 610. Its move-in date was scheduled as September 1, 2004. Between January 1, 2004 and August 6, 2004 of space was signed into leasing.
In addition, in 2004 NetIQ Corp. renewed its lease of of space in the building for 10 years. NetIQ's lease was scheduled to expire in 2005.
As of 2010 the buildings are 99% occupied, with the unused space consisting of unusable corridor space and janitor storage closet space.
The ''Houston Business Journal'' had occupied space in the Park Towers for a period of over 10 years. In 2012 the newspaper announced that it was moving to 5444 Westheimer Road effective November 5, 2012.
[Zucker, Shaina.]
HBJ to move to new Galleria office space in November
" ''Houston Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...
''. Friday October 12, 2012. Retrieved on October 13, 2012.
On January 15, 2016, a renovation, with Ziegler Cooper Architects as the main architect, began.
Tenants
* The
Consulate-General of Brazil is in Park Towers North, Suite 1150
* The
Consulate General of Russia is in Park Towers South, Suite 1300 - It opened on August 4, 2004.
[ THE HISTORY OF THE CONSULATE GENERAL]
." Consulate-General of the Russian Federation in Houston. Accessed October 27, 2008.
*
Cadence Bank
Cadence Bank is a commercial bank with dual headquarters in Tupelo, Mississippi and Houston, Texas with operations in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee, Texas, and Illinois. In 1876, Raymond Trice ...
headquarters
Former tenants:
* The ''
Houston Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...
'' was in Park Towers North, Suite 1300.
[Contact Us]
" ''Houston Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...
''. Retrieved on October 4, 2010. In 2012 the newspaper announced that it was moving to 5444 Westheimer Road effective November 5, 2012.
Gallery
File:ConsulateBrazilHouston.JPG, Consulate-General of Brazil
File:COnsulateRussiaHouston.JPG, Consulate General of Russia
References
External links
Park Towers HoustonPark Towers, Houston- TMPC Realty Corporation
1233 Park Towers-
Emporis
Emporis GmbH was a real estate data mining company that was headquartered in Hamburg, Germany. The company collected data and photographs of buildings worldwide, which were published in an online database from 2000 to September 2022.
On 12 Sept ...
1333 Park Towers-
Emporis
Emporis GmbH was a real estate data mining company that was headquartered in Hamburg, Germany. The company collected data and photographs of buildings worldwide, which were published in an online database from 2000 to September 2022.
On 12 Sept ...
{{coord, 29.7556, -95.4545, type:landmark_region:US-TX, display=title
Skyscraper office buildings in Houston